Bahrain: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Bahrain

The Bahraini metal spring washer market soared to $X in 2022, jumping by 40% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +107.4% against 2019 indices. Metal spring washer consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal Spring Washer Production in Bahrain

In value terms, metal spring washer production rose notably to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 834% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from Bahrain

Metal spring washer exports from Bahrain dropped notably to X kg in 2022, waning by -91.4% compared with 2021. Over the period under review, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2018 with an increase of 441% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports contracted to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 403% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg), Saudi Arabia (X kg) and the Netherlands (X kg) were the main destinations of metal spring washer exports from Bahrain, together comprising 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +249.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for iron or steel spring washers exports from Bahrain, comprising 14% of total exports. The second position in the ranking was held by the United States ($X), with a 5.4% share of total exports. It was followed by Italy, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.1% per year) and Italy (+214.7% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, picking up by 990% against the previous year. In general, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,212%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+178.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Spring Washer Imports

Imports into Bahrain

In 2022, imports of iron or steel spring washers into Bahrain surged to X tons, picking up by 56% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 192% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal spring washer imports reduced slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 102%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal spring washer supplier to Bahrain, accounting for a 70% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by Oman (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.0% per year) and Oman (0.0% per year).

In value terms, the largest metal spring washer suppliers to Bahrain were China ($X), the United States ($X) and Germany ($X), with a combined 58% share of total imports. Canada, India, Oman, the United Arab Emirates and the Netherlands lagged somewhat behind, together accounting for a further 12%.

Canada, with a CAGR of +105.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, falling by -37.5% against the previous year. Over the period under review, the import price, however, saw strong growth. The pace of growth was the most pronounced in 2014 an increase of 135% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform